Sampath Bank Fixed Deposit Rate Calculator
Maximize Your Savings with Sampath Bank Fixed Deposits
Sampath Bank is renowned in Sri Lanka for offering some of the most competitive Fixed Deposit (FD) rates, providing a secure and reliable way to grow your wealth. Whether you are saving for a future goal or seeking a regular monthly income, understanding how your interest is calculated is crucial for financial planning.
Our Sampath Bank FD Calculator helps you estimate your returns based on the latest prevailing rates. Fixed deposits are ideal for investors who prefer low-risk investments with guaranteed returns compared to the volatile stock market.
How Interest is Calculated
The calculation for a Sampath Bank Fixed Deposit depends primarily on whether you choose to receive your interest monthly or at the end of the term (maturity). For At Maturity deposits, the formula used is:
Interest = (Principal × Rate × Term in Months) / (12 × 100)
Key Features of Sampath Bank FDs
- Flexible Tenures: Choose from short-term periods (1 month) to long-term periods (5 years).
- Monthly Income: Option to have interest credited to your savings account every month to meet living expenses.
- Loan Facilities: You can typically obtain a loan or overdraft against your FD up to 90% of the deposit value.
- Senior Citizen Benefits: Often, Sampath Bank provides higher interest rates for citizens over the age of 60.
Calculation Example:
If you deposit LKR 1,000,000 at an annual interest rate of 11% for a period of 12 months:
- Total Interest (At Maturity): LKR 110,000
- Total Payout: LKR 1,110,000
- If Monthly: Approximately LKR 9,166.67 per month.
Factors Influencing FD Rates in Sri Lanka
Fixed Deposit rates are not static; they are influenced by the Central Bank of Sri Lanka's monetary policy, market liquidity, and inflation trends. It is always advisable to check the current "Sampath Bank Fixed Deposit Rates" directly with the bank before finalizing your investment.